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derived and simulated. First of all, the monetary persistence of a pure price staggering economy is compared to a pure wage … staggering economy under different labor market structures (by means of a newly proposed persistence measure) and interactions …
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Disappointing recent growth rates, the emergence of structurally unfavorable income and employment conditions, and important institutional changes in the international trading environment have caused policy officials in the advanced industrial nations to reconsider the proper mix of reactive...
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